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cayman_west

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cayman_west

Re: None

Monday, 09/26/2011 11:37:34 AM

Monday, September 26, 2011 11:37:34 AM

Post# of 2998
Oil prices choppy but headed back up

Brent crude oil for December delivery up 12 cents to $102.58 a barrel and West Texas Intermediate (WTI) light sweet crude oil for November delivery was down 47 cents to $79.38 at the time of this writing.

"Knowing that Saudi Arabia probably needs an oil price of $90 a barrel or more to balance its budgets in 2012, it is hard to imagine that the oil price will be much lower than this in 2012, even with softer global growth and Euro-zone debt issues," SEB's chief commodities analyst Bjarne Schieldrop pointed out.

It's all in the filings - do your homework before buying a stock and read the filings!

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